£408,504
This estimated value is based upon the latest sale price for the house of £237,000 on 2 Dec 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
Price Paid | Date |
---|---|
£237,000 | 2 Dec 2011 |
Semi-Detached |
Freehold |
Floor Area: 108 sq meters or 1,162 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in December 2011 the House Price Index for GREATER LONDON was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £237,000 results in an estimated price of approximately £408,504.
2 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.2 | 148.6 | 72.365 % | £237,000 | £171,504 | £408,504 |
The Postcode Pricing Model uses changes in average sales price within the RM2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 75.279 % | £178,411 | £415,411 |
3 Month Average | 68.711 % | £162,845 | £399,845 |
6 Month Average | 67.294 % | £159,485 | £396,485 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £511,541 | £505,000 | 13 ACADEMY FIELDS ROAD |
29 Sep 2023 | £785,037 | £775,000 | 19 OXFORD CLOSE |
19 Jul 2023 | £658,868 | £650,000 | 27 HEATH PARK ROAD |
19 Jul 2023 | £395,321 | £390,000 | 6 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
28 Apr 2023 | £379,082 | £375,000 | 2 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 9 Jul 2021. Using an estimated price of £408,505 means this house is valued at £3,782 per sq meter (£351 per sq foot).
The average size of a house on HEATH PARK ROAD is 109 sq meters (1,176 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Oxford Close | |
Jan 2024 | Anti-social behaviour | On or near Oxford Close | |
Jan 2024 | Anti-social behaviour | On or near Oxford Close | |
Jan 2024 | Burglary | Under investigation | On or near James Close |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near James Close |